DXY Analysis
We know that the price is at an LTA that makes sense, It is in supports and resistances in the monthly time frame that makes sense and the weekly layout.
Confluences in the daily time frame
1st - Monthly trend channel.
2nd - We have monthly support.
3rd - The price was not making new minimums.
4th - Strong daily support
If the price breaks the minimum he may be able to pursue our goal.
If the price breaks through weekly and monthly resistance with a "engulf" strength candle, we will assume that it will seek the previous maximums up to the blue square.
PAIRS WITH DXY AS MAJOR IF THE PRICE BREAKS STRENGTHS THE USD GETS A LOT OF STRENGTH. IF THE PRICE BREAKS SUPPORTS + LTA CHANNEL THE USD LOSES STRENGTH.
Tks.
Confluences in the daily time frame
1st - Monthly trend channel.
2nd - We have monthly support.
3rd - The price was not making new minimums.
4th - Strong daily support
If the price breaks the minimum he may be able to pursue our goal.
If the price breaks through weekly and monthly resistance with a "engulf" strength candle, we will assume that it will seek the previous maximums up to the blue square.
PAIRS WITH DXY AS MAJOR IF THE PRICE BREAKS STRENGTHS THE USD GETS A LOT OF STRENGTH. IF THE PRICE BREAKS SUPPORTS + LTA CHANNEL THE USD LOSES STRENGTH.
Tks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.